As part of the reform agenda, the government is part-privatising the Seychelles Savings Bank (SSB), in a two-stage process that started with the sale of shares to around 25,000 eligible account holders and staff. The SSB offered 240,000 shares-a 40% stake-for SRs100 (US$7.7) each, valuing the stake at SRs24m (US$2.1m) in total, with a ceiling of 250 shares per customer. The sale opened on April 20th and closed on May 5th, although the results had not been announced at the time of writing. Any unsold shares will be offered to the wider public during a second phase, with the government potentially offloading an additional stake in the future. The government is also seeking a strategic investor for a 20% stake in a second state-owned bank, Nouvobanq, with the International Finance Corporation (the World Bank's private-sector arm) a possible suitor. According to the SSB prospectus, the Seychelles International Business Authority (SIBA) plans to set up a central market for trading the privatised shares pending the launch of a stock market in Seychelles.